The Daily Deal
Sunday 18 October 2026
OpenAI and Rockefeller launch $50M city AI fund
- Chart of the day The AI lab race is still wide open.
- Just raised Outro Health $7M, Marisacare $6.5M.
- In the news OpenAI and Rockefeller back city AI projects with $50M fund, and two more stories.
Chart of the day
Open the chartThe AI lab race is still wide open
163 AI labs have been founded since 2023 with funding on record, and the 143 with a valuation are worth $630B together. The map groups them by what they build, from frontier and coding models to world models, video, voice and science.
Just raised
All funding news-
Outro HealthNew York$7M SeedDigital health solution for psychiatric medication deprescribing. Backed by Cake Ventures and Hannah Grey VC.
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MarisacareBelo Horizonte$6.5M SeedAI agents optimizing the patient care journey. Led by Astella.
By country
- US$61B
- South Korea$2.6B
- China$1.4B
- UK$1B
- Spain$632M
- India$618M
By sector
- Enterprise$55B
- Health$6B
- Fintech$5.2B
- Hosting$4.4B
- Food$2.9B
- Energy$2.2B
$71B across 744 rounds in October so far, by headquarters and by sector.
In the news
View all news stories- OpenAI and Rockefeller back city AI projects with $50M fund
The Rockefeller Foundation and the OpenAI Foundation have launched Cities Deliver, a $50 million programme funding artificial intelligence (AI) projects that improve public services in cities worldwide.
- Li Auto's chip unit MHX raises $243M in early VC round
Li Auto's chip subsidiary, MHX Technology, has raised 1.625 billion CNY (roughly $243 million) in an early VC round.
- Foxconn to buy 50% of Mitsubishi Electric Mobility for $729M
Foxconn Technology Group has agreed to buy a 50% stake in Mitsubishi Electric Mobility Corporation for up to ¥115bn (about $729m).
Every company, round and story, with its profile
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